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Most Influential 2021: Anatoly Yakovenko

Solana, a distributed network Yakovenko co-founded, has seen massive growth this year.

Updated May 11, 2023, 5:16 p.m. Published Dec 10, 2021, 8:24 p.m.
Created by Pixelmind.ai
Created by Pixelmind.ai

Anatoly Yakovenko calls himself the biggest skeptic of cryptocurrencies, even though he developed one of the fastest-growing crypto networks, Solana. The blockchain can reportedly process 50,000 transactions per second, far more than competing smart contract blockchain Ethereum, which stalls out at 45 transactions per second. In five years, Yakovenko expects the speed to be at least four times greater than it is now.

Solana has been one of the hottest topics this year, not just because of its over 10,000% price increase year to date, but also because of the quality talent moving to its ecosystem. It has a burgeoning decentralized finance (DeFi) and non-fungible token (NFT) economies. Meanwhile, some of the industry’s biggest names, including Three Arrow Capital co-founders Su Zhu and Kyle Davies as well as FTX CEO Sam Bankman-Fried, have made significant bets of Solana’s rapid growth.

The Complete List: CoinDesk’s Most Influential 2021

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(Kevin Ross/CoinDesk)
(Kevin Ross/CoinDesk)

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Wall Street broker Benchmark argued the crypto network has ample time to evolve as quantum risks shift from theory to risk management.

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